Kopran – Flag and Pole on Weekly Chart

Stock has history of moving in Flag and Pole Pattern.
Pole and Flag has been created on weekly Chart, base of pole 101.3 and high of pole is 234, difference 133.

Flag breakout area is around 195. ENTRY ABOVE: 195
So Target should be 195+133 i.e 328
Stop Loss: 168.8 (Weekly Close).
Will Update Trailing Stop loss whenever required.
Duration: 1-2 Years

People who have entered at lower level as per my previous post can wait for breakout and keep trailing.

Fundamentally 300 looks Fair Valuation since co has posted good Sales and profit figure this quarter.
Stock can fetch higher Valuation if there figure keeps on improving.


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Comment:

Entry Trigged on Fridays Close 12-06-2021 i.e Closing Price of 200.3

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Trade active:

Stock on the move.

Use New Trailing Stop loss of 191.7 (Weekly closing basis)

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
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Trade active:

Use New Trailing Stop loss of 225 (Weekly closing basis)

Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Please like Share and Comment if you like our work.